Russia: Commercial real estate investment hits record high

First quarter investment in the Russian commercial real estate market soared to a record high of $2.4 billion, a figure nearly 25 times higher than the first quarter of 2012 and almost three times higher than the previous record in 2006.
Investments in commercial real estate reached a new all-time high of $2.4 billion in the first quarter of 2013, according to a report by the CBRE Group. By comparison, the first quarter of 2012 saw investments at $101 million, a figure almost 25 times lower than that of this year. The previous record was set in 2006, when investors channeled $843 million into commercial property during the first quarter………………………………………..Full Article: Source